Qualify on the rent, not your tax returns.
In Connecticut, a DSCR loan finances a rental on the strength of its rent instead of your tax returns. HUD puts the 2 bedroom Fair Market Rent for the Hartford metro at $1,933 a month (HUD User). Pillar Mortgage Group (NMLS 2700076) arranges DSCR loans in Connecticut up to $5 million.
Facts checked November 1, 2026. Not a commitment to lend.
DSCR loans by state
We lend DSCR in 35 states. Pick yours.
Every value links to its primary source. Details for each follow further down the page.
| Connecticut fact | Value | Source |
|---|---|---|
| Security instrument | Mortgages; judicial foreclosure where strict foreclosure is the rule and foreclosure by sale is at the court's discretion on motion | Conn. Gen. Stat. § 49-24 |
| Foreclosure | Mortgages; judicial foreclosure where strict foreclosure is the rule and foreclosure by sale is at the court's discretion on motion | Conn. Gen. Stat. § 49-24 |
| Transfer and recording taxes | Yes | prdext3.cga.ct.gov |
| Security deposit | 2 months' rent; 1 month's rent for tenants 62 and older | Conn. Gen. Stat. § 47a-21 |
| Notice for unpaid rent | 9 day grace period after rent is due (4 days for weekly tenancies), extended 5 days from Jan 1 2026 if the landlord's online payment system prevents payment; landlord then proceeds under §§ 47a-23 to 47a-23b | Conn. Gen. Stat. § 47a-15a |
| Rent control | No statewide rent control | cga.ct.gov |
| LLC formation fee | $120 Certificate of Organization | business.ct.gov |
| Median listing price | $522,500 in September 2026 ($525,000 in September 2025) | Realtor.com via FRED |
| HUD 2 bedroom Fair Market Rent | $1,933, The Hartford metro | HUD User |
Full walk through: how DSCR is calculated.
The guidelines that set our Connecticut DSCR loans apart.
Loan amount
Up to $5M
Credit
660 and up
Down
20 to 25%
Vesting
LLC ok
Guidelines summarized; subject to program terms, property and borrower eligibility. Not a commitment to lend. Compare with typical DSCR programs.
Before you run a Connecticut deal, anchor the rent to public benchmarks instead of a listing agent's guess.
Median listing price
$522,500
September 2026, down 0.5% from $525,000 in September 2025
Quick math (computed from the figures above): At the Connecticut median listing price of $522,500, 25% down is $130,625 and the loan is $391,875. A year of rent at the Fair Market Rent for the Hartford metro ($1,933) is $23,196, or 4.4% of that price. A year of rent at the Fair Market Rent for the Stamford area (Bridgeport metro) ($2,399) is $28,788, or 5.5% of that price.
Fair Market Rent is a HUD benchmark, not an appraisal.
The rent field starts at the HUD 2 bedroom Fair Market Rent for the Hartford metro. HUD also lists the Hartford metro at $1,933 and the Stamford area (Bridgeport metro) at $2,399. Swap in your lease or appraisal rent, then add your quoted rate. For a price reference, the median Connecticut listing was $522,500 in September 2026.
See how a rental's income stacks up against its full monthly payment. Your numbers stay in your browser.
Enter rent, price and your quoted rate to see your DSCR.
Loan amount (L) = Price × (100 minus Down %) ÷ 100
P&I (30 year fixed) = L × r × (1 + r)^360 ÷ ((1 + r)^360 minus 1), where r = annual rate ÷ 100 ÷ 12
P&I (40 year interest only) = L × r
PITIA = P&I + Tax ÷ 12 + Insurance ÷ 12 + HOA
DSCR = Monthly rent ÷ PITIA
Rent needed for a target DSCR = Target × PITIA
Estimates only. Not a loan offer. Rates and terms vary by lender, property and borrower. Company NMLS #2700076. Example values are illustrations, not a quote.
Hypothetical PITIA of $1,775 (P&I $1,400, taxes $250, insurance $125), real Connecticut rents. Not a quote or a rate.
1.09DSCR
$1,933 / $1,775 = 1.09: covers the full payment.
1.35DSCR
$2,399 / $1,775 = 1.35: covers the full payment.
A two minute form gets the property in front of our team. You get a straight answer on the ratio and the structure.
Investors from any state can buy in Connecticut.
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The largest Connecticut rental markets, and what each city requires of short term rental hosts.
A DSCR loan underwrites the rent, so the rules that govern collecting it matter. Here is what Connecticut law says, with the statute for each.
| Topic | The rule | Citation |
|---|---|---|
| Security deposit cap | 2 months' rent; 1 month's rent for tenants 62 and older | Conn. Gen. Stat. § 47a-21 |
| Deposit return deadline | 21 days after tenancy ends, or 15 days after receiving the tenant's written forwarding address, whichever is later | Conn. Gen. Stat. § 47a-21 |
| Nonpayment notice | 9 day grace period after rent is due (4 days for weekly tenancies), extended 5 days from Jan 1 2026 if the landlord's online payment system prevents payment. Landlord then proceeds under §§ 47a-23 to 47a-23b. | Conn. Gen. Stat. § 47a-15a |
| Month to month notice | No separate notice period for month to month tenancies. A tenancy ending by lapse of time is terminated with a notice to quit served at least 3 days before the quit date (Conn. Gen. Stat. § 47a-23(a)). Note § 47a-23c just cause protections for certain elderly or disabled tenants. | cga.ct.gov |
| Rent control | No statewide rent control. Each town, city or borough with a population of 25,000 or more (latest decennial census) must have a fair rent commission, adopted by ordinance by July 1 2023. | cga.ct.gov |
| Nonpayment notice to quit | Notice to quit at least 3 days before the quit date, served after the 9 day grace period of § 47a-15a | cga.ct.gov |
Not legal advice.
Every dollar of tax raises the payment the rent has to cover. Here is how Connecticut assesses and taxes property.
Who closes your loan, which security instrument you sign and what the state charges to record it.
What it costs to form and keep an LLC in good standing with the Connecticut Secretary of State.
The Connecticut rules that touch your lease, your closing and your entity.
Documents: contract, lease or rent schedule, bank statements, LLC papers, insurance quote. No tax returns. Details.
Connecticut is highlighted. We also lend DSCR in Massachusetts, Rhode Island and New Hampshire next door, and in 30 more states. Tap a gold state to open its guide.
Straight answers for investors buying or refinancing rentals in Connecticut.
PMG guidelines summarized; subject to program terms, property and borrower eligibility. Not a commitment to lend.
Book a free callInvesting across state lines? We lend DSCR in these neighbors of Connecticut too.
Primary sources, each with the date checked. PMG program facts come from Pillar Mortgage Group.
Send the Connecticut property and rent. We run the ratio and lay out terms before you offer.
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Pillar Mortgage Group, LLC is an Equal Housing Lender, doing business in accordance with the Fair Housing Act and Equal Credit Opportunity Act. Not a commitment to lend.
Company NMLS# 2700076 | Arizona License MB-2009671 | View NMLS Consumer Access